The Economic Times

Vedanta shares plunge 5% as SC rules conglomerate not entitled to concessional rates for high-speed diesel

Vedanta shares fell after the Supreme Court upheld a ruling denying concessional diesel rates under Form C, citing misuse beyond mining purposes. The verdict adds regulatory pressure amid ongoing legal challenges and corporate developments, including its move against Adanis Jaiprakash Associates deal and an upcoming board meeting on dividend consideration.